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boyLoyTRADER
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JUST IN: $110 million liquidated from the cryptocurrency market in the past 60 minutes.
Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold.
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$BTC update..! #bitcoin price stuck in range price 58,513 - 54,307 with too much liquidity (Still in the Bearish Trend). At this moment, I recommend to keep waiting for the price to break this range first. Soon we'll see liquidity again after Bitcoin break this range (58,513 - 54,307).
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Atrader once sent me an email asking me: “Any tips on minimizing execution errors? This week I did a terrible job executing. I had a very good week, but those errors hurt me.” My response to his email was the following: “There will always be errors! Nobody is immune from them! It is all about how you manage them and making sure you don’t let them influence your psyche! Instead of thinking about mistakes think of everything you did right and how you can repeat that and possibly improve it!” My message to you here is the same, so instead of concentrating on trading mistakes, try to accept and minimize them. Instead of blaming yourself for why you have taken this last bad trade, try to ask yourself the question: How can I repeat my successful trades one more time and then again and again? If you manage to reach to that trading level, making trading mistakes will not be a scary process anymore, but a great stage for learning.
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In trading, if you see only two possibilities, it means that your analysis is poor. Good traders see things multi-dimensionally. They also see a lot of different scenarios and can narrow them down to the most probable ones. Unlike a classroom, the world of trading does not like repetition. A definition of good trader is someone, who is not afraid of the unknown and knows how to embrace it. Changing your mind in a matter of seconds is the only true definition of a great trader who is not afraid to expose his or her weaknesses.
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Most of the successful traders I know went through years of losing or breaking even. Trading is a serious discipline, so make sure that this is what you want to do before you even think of starting it.
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In trading, we might lose hope when we are sure about an outcome and then we are unpleasantly surprised by the results, but we shouldn’t. Nothing is set in stone and especially in trading. The way we should approach trading is with a pinch of skepticism. We should not rely overly on just one way to see the market. Markets are evolving and as such we constantly need a new way of seeing opportunity and methods that will help us to navigate through stormy waters. It is better if you get ready for many trading failures and just a few big wins but make sure you really ride those wins for as long as possible. Try to always reject the obvious win and embrace the hidden loss with both hands.
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